Question

Eva invests $6400 in a new savings account which earns 3.4 % annual interest, compounded continuously. What

Answer 1

Answer:

$7821.74

Step-by-step explanation:

Eva invests $6400 in a new savings account which earns 3.4% annual interest, compounded continuously.

We have to find the value of her investment after 6 years,

Now, using the formula for the compound interest we can get the value of her investment.

So, it will be $V = 6400 (1 + \frac{3.4}{100} )^{6} = 7821.74$ Dollars (Approximate)  

{Rounded to the nearest cent} (Answer)